Compound Interest Calculator
CD 4-year Account from GENISYS with 3.89% APY and $500 minimum deposit

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The product CD 4-year Account from GENISYS with 3.89% APY and $500 minimum deposit and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $29,293. The interest earned would be $9,293 and the tax amount on the interest earned would be approximately $2,788.

Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for GENISYS

Savings Boost of
$5,326 over 10 years

Cash Savings $20,000

Average Interest Earned $1,179

GENISYS Interest Earned $6,505

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This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.

Comparison Detail Table Close X

Average Rate Scenario

	Rate: 0.81%	Annual Interest	Annual Interest (After Tax)
1	20,000	162	114
2	20,162	164	115
3	20,326	165	116
4	20,491	166	116
5	20,658	168	117
6	20,825	169	118
7	20,994	170	119
8	21,165	172	120
9	21,337	173	121
10	21,510	175	122
	TOTAL:	$1,685	$1,179

GENISYS Scenario

	Rate: 3.89%	Annual Interest	Annual Interest (After Tax)
1	20,000	778	545
2	20,778	808	566
3	21,586	840	588
4	22,426	872	611
5	23,298	906	634
6	24,205	942	659
7	25,146	978	685
8	26,124	1,016	711
9	27,141	1,056	739
10	28,196	1,097	768
	TOTAL:	$9,293	$6,505

Take Action

The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.

Recent Rate Changes

Date	APY
February 20, 2024	3.89%
November 10, 2023	3.86%
August 19, 2023	3.79%

Featured CD Rates

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Last change: ↑0.25% on October 28. 6 Month Jumbo CD.
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Last change: ↑0.20% on October 28. Early Withdrawal Penalty is 3 months interest.

Compound Interest Calculator CD 4-year Account from GENISYS with 3.89% APY and $500 minimum deposit